A- A A+
Last Updated : Sep 24 2020 4:58PM     Screen Reader Access
News Highlights
Health & happiness of all is hidden in ‘ Fitness Ki Doz, Aadha Ghanta Roz’ mantra : PM Modi            PM releases ‘Age -Appropriate Fitness Protocols’ on first anniversary of Fit India Movement            President Ram Nath Kovind confers NSS Awards for 2018-19            Farmers Bills will give freedom to farmers to sell their produce outside APMC Mandis: Agriculture Minister            COVID-19 recovery rate reaches to 81.55 per cent in country           

National News

Jan 13, 2020
9:26PM

SC asks ED to attach Indian properties of JP Morgan for violating FEMA, FDI norms

PTI
The Supreme Court today asked the Enforcement Directorate to attach Indian properties of JP Morgan in violation of the Foreign Exchange Management Act (FEMA) and Foreign Direct Investment (FDI) norms.

JP Morgan was engaged in transaction with the now defunct Amrapali Group to allegedly siphon off home buyers money.
 

The bench also allowed the ED to take into custody defunct group's Chairman-cum-Managing Director Anil Kumar Sharma and other two directors, who are behind bars on the top court's order for interrogation under alleged money laundering offences. The court said that the ED can take them into custody immediately and once interrogation is over, they can be put back into jail.

The ED said, it has prima facie found that there was violation of FEMA norms by the US-based JP Morgan and a complaint in this regard has been lodged.

A bench of Justices Arun Mishra and UU Lalit was told by the ED official that the MNC remitted the money back to the USA.

   Related News

Live Twitter Feed

Listen News

Morning News 24 (Sep) Midday News 24 (Sep) Evening News 23 (Sep) Hourly 24 (Sep) (1600hrs)
समाचार प्रभात 24 (Sep) दोपहर समाचार 24 (Sep) समाचार संध्या 23 (Sep) प्रति घंटा समाचार 24 (Sep) (1310hrs)
Khabarnama (Mor) 24 (Sep) Khabrein(Day) 24 (Sep) Khabrein(Eve) 23 (Sep)
Aaj Savere 24 (Sep) Parikrama 23 (Sep)

Listen Programs

Market Mantra 23 (Sep) Samayki 9 (Aug) Sports Scan 23 (Sep) Spotlight/News Analysis 23 (Sep) Employment News 23 (Sep) World News 23 (Sep) Samachar Darshan 22 (Mar) Radio Newsreel 21 (Mar)
    Public Speak

    Country wide 12 (Mar) Surkhiyon Mein 23 (Sep) Charcha Ka Vishai Ha 11 (Mar) Vaad-Samvaad 17 (Mar) Money Talk 17 (Mar) Current Affairs 6 (Mar) Sanskrit Saptahiki 19 (Sep) North East Diary 20 (Sep)